The sun. [volume] (New York [N.Y.]) 1833-1916, 1887-09-23
E. 5. WHEELER ARRESTED.

u. y. WHEELEh AhhEOlED.
THE NEW RAVEN IRON IMPORTER
WHO FAILED FOR e2.000,00O.
Ascused sy Hartford Bank sf obtsinlns
Msney Uuder False Pretenees-Tateu 90
Hsrtfsrd and Placed Uader eS.ooe Bs,i.
NEW HAVEN, Sept 22.-E. 8. Wheeler, the
insolvent iron importer whose recent failure
with liabilities Of $2.000.000 and actual assets
Of less than 100000 caused such sensation
in this city. was arrested By Policeman
Johnson OF Hartford this afternoon on
warrant charging him with Obtaining
money Of the Phoenix National Bank
Of Hartford under false pretenccs. The
news that Mr.. Wheeler had been arrested
caused surprise in this city. although It had
been rumored during the pnst week that Grim
inal proceedings might be instituted. Police
man johnson arrived here at II AS and went
Immediately to Police Headquarters, where he
disclosed the nature Of his business to Capt
Hyde. who detailed Detective BELLY to assist
him. They went to Mr. Wheoler's ofilce on
Crown street, where they were informed that
Mr.. Wheeler had gone to his residence on Hill
house avenue They Immediately followed him
there and placed him under arrest. Outward
ly Mr.. Wheeler evtnced no surprise ut the APP
pearance Of the policemen and at once pre-
pared to accompany them to Hartford. Attor-
ney John W. AllinR and ex-Judge Pardee we're
sent for, and were soon in consultation with
their client At 3:12 P. NJ. Mr.. Wheeler in GUS
tody Of Policeman johnson, and accompanied
BY Mr.. Alling. ex-Judge Pardee. and Pierce N.
WEIGH. boarded o train for Hartford. Mr.
Wheeler occupied the time during the journey
In consultation with his lawyers. To all ap-
pearance he was cool and collected. On reach
Ing Hartford the party went to Police Head
quarters, and Mr.. Wheeler was at once
taken before Judge Henney OF the Police
Court. The Judge was found at his office and
City Attorney Parker summoned. Judge Hem
osg the . hs nsn
500 OF inprisonmsst not more Than ten years
sna Psros n so Rofs ntss
bondsman. The case Will como up In tho City
c9 FSs g .sass Rst aas 1887
NJ p bs false sek q d
msntioned: that M. %heeier oered IL 70 Tho the
oticisls q tho bank certain promissory note
G tS By As Toes Ses ss
thst y 8skine false statepepts and resortipps
H. Il s esRf 70 he
ana Mr. Bs0f Msts asosE % tss
up capital stock: and that 10 credit was frat
papsT ana been sesvsd he
assssa 81 Co., 10. ,hss
% was Sst o = h g. Wheeler sss
ticular. and that he made them with fraudulent
yxyl- A
evening. and. when asked shout the arrest.
Ter which the general public Eel eslIsd upon
70 ,sssnSSG;tRresious GOOD ensrsoter' ia''niul
The iaet that e. 8. Wheeler d 90. had sus-
ss city .HG Sr hsr ws ss sg
our inability to obtain Discount sccemmods.
day Tie ii.biiitiss e the 6oass arc shisay on
e ss sss & Is
hoped that the business may DO successfully
IN short %s The VII
NO seos tRs ronS m Which i
trolled By "a, separate corporation not in any
The arm d, E. 8. Wheeler d Co. had for years
bsen one Of the three or four largest dealers
Company met With some losses il CONSEQUENCE
Ct shs sse e
SiS AM %sssisss {. t.
bSs Eaas:s the
u 5SsS t sna sap s.sd
: s,! siss in n, ihs Probate Court eas vel
ssps h.sse fsa siisa;
to sSen. $3.50 he rspos q ssssss doss
not I show over sIsoo 900: i e ALLEGED that most
sas H. %hsssT %ss ia
The wheeler failure, which was at first an
nounced q Q mere Temporary suspension, has
Il e s q the worst nd hs has nsD
Sion Is spreading that tho creditors viii realize
but little. All sorts Of ugly stories. are aHoat
Sna mue wonders Is as to WhsTs IL
q ssnsd ss f ), %sssss saa sss
ISssIs ~; T A., iR%s5s a,IHs around ere
were merely figure, heads through which to
BIZ ar s cSd Syi l @
would endorse the notes, take them to the
banks. where. being looked upon as genuine
business paper. and Wheeler's financial stand
ing being rated high, they were. readily dis
counted. These operations, II Is said. were
carried on through number Of alleged firms,
and through as many banks as would accept |
the paper: The local banks hold over haifa |
million Of Wheeler's paper. and 1t is thought to
be nearly a total loss.
Gen. s. f. Merwin. who was recently APP
pointed trustee Of the Wheeler Company. has |
been Investigating affairs in the West, and 10 |
Esported r. hqye written home that the Illinois
recently failed, had no legal existence and that
the paper OF that concern will be total loss. |
The Illinois company is supposed to have |
exchanged large blocks Of paper with Wheeler.
welch, the President OF the First National |
Bank. His social standing was, very high, and |
he was prominent. In church and Sunday |
school circles, He has always been pointed |
out as q model business man. and his down |
parentiy had no vicious habits, and where tho
posed that the New Haven banks have refrained |
from prosecuting Wheeler through sympathy |
for his venerable father-in-law and a nope |
that the AFFAIR would be settled but all hope Of